Term; Effect of Termination. Unless terminated by either party as provided below, this Agreement shall remain in full force and effect until the date three years after the Effective Date (such three year period, the "DEFAULT TERM") and may be extended for one annual term upon the mutual agreement of Employee and the Company (any such extension period, the "EXTENDED TERM"). Provisions of this Agreement that expressly relate to periods of time following the term of this Agreement or of Employee's employment shall survive any termination or expiration of this Agreement or of Employee's employment with the Company.
Appears in 3 contracts
Samples: Employment Agreement (Ilog Sa), Asset Purchase Agreement (Ilog Sa), Asset Purchase Agreement (Ilog Sa)
Term; Effect of Termination. Unless terminated by either party as provided below, this Agreement shall remain in full force and effect until the date three years after the Effective Date (such three year period, the "DEFAULT TERM") and may be extended for one annual term upon the mutual agreement of Employee and the Company (any such extension period, the "EXTENDED TERM"). Provisions of this Agreement that expressly relate to periods of time following 121 the term of this Agreement or of Employee's employment shall survive any termination or expiration of this Agreement or of Employee's employment with the Company.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ilog Sa), Asset Purchase Agreement (Ilog Sa)
Term; Effect of Termination. Unless terminated by either party as provided below, this Agreement shall remain in full force and effect until the date three years after the Effective Date (such three year period, the "DEFAULT TERM") and may be extended for one annual term upon the mutual agreement of Employee and the Company (any such extension period, the 143 "EXTENDED TERM"). Provisions of this Agreement that expressly relate to periods of time following the term of this Agreement or of Employee's employment shall survive any termination or expiration of this Agreement or of Employee's employment with the Company.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ilog Sa), Asset Purchase Agreement (Ilog Sa)
Term; Effect of Termination. Unless terminated by either party as provided below, this Agreement shall remain in full force and effect until the date three years after the Effective Date (such three year period, the "DEFAULT TERM") and may be extended for one annual term upon the mutual agreement of Employee and the Company (any such extension period, the "EXTENDED TERM"). Provisions of this Agreement that expressly relate to periods of time following the term of this Agreement or of Employee's employment shall survive any termination or expiration 3 of this Agreement or of Employee's employment with the Company.
Appears in 1 contract
Samples: Employment Agreement (Ilog Sa)
Term; Effect of Termination. Unless terminated by either party as provided below, this Agreement shall remain in full force and effect until the date three years after the Effective Date (such three year period, the "DEFAULT TERM") and may be extended for one annual term upon the mutual agreement of Employee and the Company (any such extension period, the "EXTENDED TERM"). Provisions of this Agreement that expressly relate to periods of time following the term of this Agreement or of Employee's employment shall survive any termination or expiration of this Agreement or of Employee's employment with the Company.following
Appears in 1 contract
Samples: Employment Agreement (Ilog Sa)
